ACCRINTM function
Returns the accrued interest for a security that pays interest at maturity
Syntax
ACCRINTM(issue, settlement, rate, par, [basis])Square brackets indicate optional arguments.
Arguments
| Argument | Required | Meaning |
|---|---|---|
| issue | Yes | The security's issue date."2008-4-1" |
| settlement | Yes | The security's maturity date."2008-6-15" |
| rate | Yes | The security's annual coupon rate.10% |
| par | Yes | The security's par value.1000 |
| basis | No | The type of day count basis to use.3 |
Try ACCRINTM
Accrue simple interest payable at maturity
=ACCRINTM(A2,B2,C2,D2,3)From issue to settlement there are 181 actual days. Under basis 3, interest is par 1000 times annual rate 6% times 181/365. This security pays interest at maturity.
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ACCRINTM · top-level call
=ACCRINTM(A2,B2,C2,D2,3)Follow the cells behind a result
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Reference and compatibility
Univer 1.0.4 / Apache-2.0. Calculation checks cover the supplied examples only. The browser worksheet does not implement every Excel feature, external service or connected data type.